Banks Shed Internal Alternative Managers, Chance for Sovereign Funds
Posted on 09/05/2013
The infamous Volcker rule, a Dodd-Frank Act provision, is being finalized – U.S. banks are being proactive and shedding assets. The rule prohibits banks from investing in any funds they do not manage. In addition, banks cannot invest more than 3% of their tier-1 capital in private equity or hedge funds. As U.S. financial conglomerates […]
- Alternatives
- China Investment Corporation
- Citigroup
- Goldman Sachs
- Hedge Funds
- Morgan Stanley
- Private Equity
- Qatar Investment Authority
